NZX's 'defensive' stocks protect against US bear market effects
S&P500 down 21% since its January high, while crypto continues plunge.
S&P500 index officially moved into bear market territory overnight.
The United States' S&P500 index officially fell into bear market territory as its trading closed early Tuesday morning (NZ time), sending shivers down the spine of the NZX this morning.
The US benchmark dropped 3.88% in its first trading day of the week, slumping to its lowest level since March 2021
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